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americans assassinated by radical islamists. their bodies returned to the united states. a solemn ceremony with president obama and secretary of state clinton. among those honoring the murdered americans at andrews air force base earlier today. >> mrs. clinton praising the murdered americans for their courage and sacrifice to our country. the people of egypt and libya and tunisia did not trade the tyranny of a dictator for the tierney of a mob. lou: a precisely timed two-part operation under cover of more than 200 demonstrators angry at an anti-mohammed movie. the protesters stormed the consulate, armed militants traveled to a nearby safe house to attack the evacuated americans. libyan officials say the people within the governments own security forces to stop the terrorists to the safe houses location. the unrest is spreading beyond the region. violence erupted in tunisia and the german embassy set afire. american fast food restaurants also torched. demonstrations in afghanistan. palestinians and in jerusalem protests in america. american flags were burned outside the embassy. president o
'll hear the president strongly defend one of the united states' deadliest and most effective weapons against would-be terrorists. and in a cnn exclusive, the brother of al qaeda's top leader now says there is a way to reconciliation and peace. i'm wolf blitzer. you're in "the situation room"." >>> all that coming up. we begin with a very public and new escalation of some tension between president obama and prime minister benjamin netanyahu. israeli sources tell me the white house at least for now has rejected prime minister netanyahu's request to meet with him later this month to discuss iran's nuclear program. the israelis were told a meeting isn't possible because of the president's schedule, schedule won't permit it even when they offer to have the prime minister come to washington from new york where he'll be addressing the united nations. the white house is pushing back saying the president and prime minister simply won't be in new york at the same time this month to address the u.n. but this is just the tip of the icebe iceberg. in a much bigger disagreement right now over iran
in vermont. of course, the company's first set up. and we still make 70% of our products in the united states. cheryl: and you've been there for 25 years, we should mention to our viewers, you yourself have been with this company for 25 years. one of the most impressive things, i think s you've been able to keep 70% of your manufacturing in the united states at plants in the united states. what's the secret? >> well, the secret is what you have also indicated is the fact of being around for a long time and also thinking long term, making investments. you know, manufacturing in the united states is not easy, and if you're not thinking long term, if you're not continuously investing, it's not possible. because, you know, we have great people, we've got great history. we, in fact, have 73 locations in china and 60% of the product we're shipping from the united states to china. in furniture which is, you know, not made by robots. we still have a lot of labor even though we have a lot of, lot of technology that we've introduced. so i think it's a question of quality, it's a question of craftmanshi
. there's no way you can shut down outrageous speech in the country of the united states, it's going to happen, but if the responsibility of responsible officials in egypt and other countries throughout the world to take actions to protect embassies and they are the ones who are responsible, and the extremists sure -- stirring up the crowds are responsible. talking about the video really is to distract from the real problem. gerri: you have a lot of experience in these proceedings as deputy secretary of defense under george w. bush. people staid it's bush's fault the arab world is in unrest today. do you agree? how do you respond? >> i don't at all. look, these extremists were breeding in the arab world for years under horrible dictators. 9/11 happened with basically before george w. bush even appeared, and i believe in fact that the dictatorships of the arab world gave credit the to the extremists who attacks the governments for denying freedom to their people. sooner or later, those governments collapse both because of age and also, frankly, because ashes want freedom as well, and
printing spree here in the united states, printing anywhere from 2.4 trillion to $2.7 trillion in order to buy up bonds, including a lot of government debt directly. they say, hey look, so far we don't have inflation so there is no harm in it. to what you say? >> 2% inflation as opposed to a greater level of inflation, there is such a panic in europe that everybody was racing out of the europe into the dollar. holding dollars the fed created instead of spending them same in the united states. because of the economic situation in the united states, many people are using dollars they receive, indeed some printed by the fed to repay debt inset of consume. the whole idea we're not cooking inflation in the oven in the long run is a false idea. the key to the gold standard and going forward to a modernized gold standard it is a prescription for long-term economic growth. under the gold standard the american economy grew at 4% compounded annually, from the birth of the republic practically up until 1971. whereas the economy under the federal reserve's quantitative easing in the last decade has
've been talking this week about red lines that he doesn't want iran to cross before the united states would be involved in military action. i think he's going to lay out what his red lines are and to say to the world, listen, this is a crisis that the whole world has to deal with. i think this is seen as his final warning that if we done see movement on this issue, israel will have to act. >> i want to talk about the iranian president. i'll let you first eat a little crow. you made a prediction that was wrong. >> i thought -- i said yesterday on this show that i thought ahmadinejad would kind of go for broke, kamikaze in his last u.n. general assembly. instead, he talked about, you know, this new world order that he sees when the world powers would have less influence. but he wasn't as fiery. he didn't mention israel by name. i think a lot of people were surprised. in the statements he was saying leading up to this appearance he was much more fiery. i think in addition to ban ki-moon, the u.n. secretary general asking him to tone it down, i think maybe the supreme leader in iran said
this morning. they'll just try to get a share of the touch screen market in the united states. to your point about cash going out, more smart phones being sold than expected it is still a big shortage so the move today, is that indicative of -- >> they're not going out of business. >> even though the core operations remain unprofitable. their cash build was 2.3 from 2.2 on the quarter. >> they had more cash than previously. >> and their shipments continue to go down. they bleed people. >> you have the developing countries now. >> the pricing pressure is greater. >> there's always ban thought someone would buy them. but people felt why buy them because they'll run out of money and when they run out of money you can get them for nothing and you get all that intellectual property for nothing. there's a lot of companies that wish they had that keyboard patent. maybe that is worth something. i'm just saying that, look. i want the blackberry 10 to ship earlier. i thought becky's interview was terrific. it's very difficult to be as negative as you might have been before knowing that the restructuri
how the united states is responding next. first as we do every day at this time of day, check out how oil is moving right now based on that news out of libya. not moving much at all. down 11 cents. $97.11 a barrel. before copd... i took my son fishing every year. we had a great spot, not easy to find, but worth it. but with copd making it hard to breathe, i thought those days might be over. so my doctor prescribed symbicort. it helps significantly improve my lung function starting within five minutes. symbicort doesn't replace a rescue inhaler for sudden symptoms. with symbicort, today i'm breathing better. and that means...fish on! symbicort is for copd including chronic bnchitis and emphysema. it should not be taken more than twice a day. symbirt may increase your risk of lung infections, osteoporosis, d some eye problems. tell your doctor if you have a heart condition or high blood pressure before taking it. with copd, i thought i'd miss our family tradition. now symbicort significantly improves my lung function, starting within 5 minutes. and that makes a difference in my breathin
.3% in the second quarter. the united states economy is barely, barely moving. now i think voters want to know what's going on. dagen: what's going on with mitt romney, he can't seem to put together a cohesive discussion about the state of the economy that is resonating with voters. you mentioned in the column that he was talking about trade cheaters and energy independence, which seem wholly removed from what is really happening right here right now on the ground for the american people. >> well, the ads that target china as a trade cheater are aimed at voters in northern ohio and around the great lakes where the auto workers are, but obama has been running his own ads hitting china, so i think they kind of neutralize one another. we had a report this morning that durable goods orders have dropped the most since january 09. orders for motor vehicles and motor vehicle parts dropped 11% in august. whatever obama did to bail out the auto industry, those people working in the industries in the northern ohio are the ones affected by a figure like that. and i don't quite understand why romney isn't goin
percentage of its revenues come from outside the united states and this is a smaller market cap as a spinoff so it was a logical replacement. >> i will see you first, don't buy united health. there's very little money. my hands are different color from my face. what does that mean? there's makeup. >> the dow jones industrial average, the price pointed index which should have absolutely no meaning but they have to keep doing it that way because that's the way they started. everybody follows the s&p but we talk about the dow jones because that's what you hear about on the radio. >> this is the opportunity for the dow to go higher. kraft very levered to commodity costs. particularly we know that the big inflationary trend is food. okay? and they're a huge buyer of all of these commodities. united health, very little commodity costs so you get kind of an inflation break that deals with ben's pro-inflation strategy yesterday. >> this is the first change to the dow jones industrial average since 2009. just to your point that nobody follows the dow jones industrial average, how much money is actual
're quite anxious to find a partner in the united states to roll it through america. talk me through that, if you would. >> this is a start in one of our hotels as a food and beverage outlet in t2000. people kept asking me who owns the franchise nor the noodle house, we want one in our place. i said, we own the franchise. so we started to put a whole franchise and team together on what i hope will be, and i think we have achieved it on a very professional basis. and when then we started to franchise in other units. we started with six units we own and operate in dubai. now we are operating 20 across the world. we actually have 123 signed up in our pipeline. and we would very much like to be in the united states. we have had discussions, serious discussions about taking the name out there on a franchise basis. so it just really grew out of one of the -- as a restaurant outfit in one of the hotels. >> let me ask you finally, you're a member of the hotel industry and you sit on one of the boards, and it is an industry finding its voice saying, we are and saying, look, we are jobs, we are gro
the united states. the only time i've ever had a break is when i was on maternity leave. i have retired from doing this one thing that i loved. now, i'm going to be able to have the time to explore something different. it's like another chapter. there's natural gas under my town. it's a game changer. ♪ it means cleaner, cheaper american-made energy. but we've got to be careful how we get it. design the wells to be safe. thousands of jobs. use the most advanced technology to protect our water. billions in the economy. at chevron, if we can't do it right, we won't do it at all. we've got to think long term. we've got to think long term. ♪ for the spender who needs a little help saving. for adding "& sons." for the dreamer, planning an early escape. for the mother of the bride. for whoever you are, for whatever you're trying to achieve, pnc has technology, guidance, and over 150 years of experience to help you get there. ♪ >>> "squawk box" keeping our eyes on the prize, its eight a "squawk" oil summit. the smartest minds in the industry. >>> safeguarding your online reputation. the founde
, it's still actually quite sticky in the united states. badly there needs to be a dose of fiscal consolidation. we would say it's going to be 1.5% of gdp. in the eurozone it's -- if the uk it's 1.25. >> good to see you today. thanks for joining us. >>> german chancellor angela merkel is preparing for yet another meeting today -- >> how is she doing? >> it's one after another after another. she is set to hold talks with herman von rompuy. she's been having down time and having a few beers at a german beer festival. >> this is how she does it. >> the german chancellor did get on stage and called on germany to have solidarity. >> is she on the stage? there she is. i wonder if she would have a sash and flowers. she looks quite happy. >> she just wants the beer. >> is that post the beer? she looks like she's enjoying herself. >> love it. >> where do we go on the road to the beer festival? >> oktoberfest. >>> still to come, president obama is set to make his pitch for four more years in the white house as the democratic convention kicks off. could the real focus be on friday's jobs rep
but also in the united states. the global issue has been a subject john has been involved, the ceo of eli lilly. nice to see you. let's see this issue of leadership. clerly the onus with central banks doing as much as they can in terms of turning around the global economy. the emphasis is very much on a political class in europe that is fighting its own corners, and in a clearly divided political class in the united states. can't we achieve this sort of leadership the world needs economically? >> we're in a tough situations that's been years in the making and i think it will be years to work our way out of it. there's an old saying as elected democracies we get the leaders we deserve. different views on our leaders reflect a certain divisiveness on leaders. some of the comment i made here yesterday of the position i would take, and i think we should be looking toward from the perspective of anyone who runs a company is leadership that takes a long-term view when temptations are otherwise to deal only with the short term. and leadership insofar as possible in this time of turbulence can pr
. of course, obama's speech comes at a time when the united states is facing a very difficult situation in the middle east. we saw the ongoing protests, and of course, anti-u.s. sentiment is at relatively high in terms of its historical sort of context. but again, peace is hard is what obama made very clear in his speech. a warning shot to the remaining dictators in the region. also saying that countries like bahrain, which is a neighbor to saudi arabia, the world's top oil exporter, that the reform needs to happen there as well. what a lot of observers were hoping for is that there would be more of a focus on syria and iran. president obama spent quite a bit of his speech talk about the palestinian-israeli conflict and the tensions there. but when it comes to syria, he said the united nations need to act on that front. the united states is not going to just stand by. they have to overcome the pretty much resistance from other countries like russia and china in the united nations security council. but when it comes to iran, united states making it clear that they will do what they must,
's the best case scenario. >> does allow us to focus on the united states. >> exactly. >> we're probably doing better than any economy in the world. >> you're not trying to whistle past graveyards on that front, right? you're not trying to ignore europe. >> melissa mentioned the trading perspective. i think that the traders are saying, okay, now, what do we have here, and when we look at here, well, why don't we see with the steel industry, the auto industry. we focus -- the fill lebeau interview was incredibly important where allan mull ha ly says europe, we don't have it. the truth is united states has it. 14.5 million vehicles. that is a bull market in cars. >> right. >> we are talking about this upgrade today. sun trust, why is sun trust upgraded? i think that's very significant, not just because my trust owns it, but i'm looking at sun trust saying that is, again, the housing market in the south because the federal reserve didn't like sun trust. housing, autos, retail. what else do we need? >> right. >> well, we could use china to start growing a little bit faster instead of going the oth
been made of their failure to invest and promote the pepsi brand for soda within the united states. how relevant now is the home market for investors when, for example, coke is suggesting they will invest $30 billion over the next two or three years with the bot lers to double consumption around the world? >> it's a great question. so there's been a terrific change of heart at pepsi. this year about $600 million of advertising spending behind the businesses, the bulk of that is going to happen in north america. you probably just saw they sign add deal with the nfl. clearly they feel the pressure and want to start growing some of their businesses here at home again. >> and how does that compare to mao tau kent and the mass everybody bottlers worldwide. >> remember, coke bought their bottle in the u.s. so they have a lot more skin in the game. the good die naming here on the beverage side is guys are kind of getting along and playing nicely for the first time in a while. i think they want to make more money. they're cognizant of the economic. they're making the pack sizes smaller and lift
their friends in southern europe and indeed the economy here in the united states. michelle caruso-cabrera will talk about some of the bad pigs in a minute, but first senior economics reporter steve liesman with the story of some vindicated doves. >> because the new game is called "bad piggies." that's where we're coming from. >> and we're only doing this because the producer jason gawertz made us do this. he said could we think of an app that would apply with today's data and i did. it's called vindicated doves. at least initially here, why is that? because essentially the economic data came in weak. let me show you what the economic data showed. the numbers come in you're looking for 5.6% positive -- or negative. you get minus 13.2 off a prior 3.27%. i think the dove says i don't care i had this one right. gdp took .4 off the prior print right there. midwest manufacturing down negative. p and pending home sales much changed from the prior month from positive to negative. take a look at some of the comments here. vindicated doves. anyone facing doubt about the need forred 23ed's r
outreach to the united states. >> definitely, i think in one sense there's been a lot between the two on this so-called red line and i think netanyahu was shocked he didn't meet him. he sees a real possibility that president obama can be off -- in office and knows he needs to work with president obama on a nuclear iran but at the same time, their presentation yesterday was very effective because he really sent out an urgency saying iran could have a bomb by next summer or spring. >> you know, i look at that red line. we were just talking about this, the camera caught us. what does that exactly mean when you cross that? >> it's a threshold over which if iran passes it then military action would be necessary and then there would be an agreement. he wants president obama to lay out if iran goes over this line, i'm in for military action. >> with some very specific details that are -- >> basically what the prime minister said was if iran reaches its final stage of enrichment needed for a nuclear bomb then, you know, he would want the united states to get involved. >> okay, so the presiden
as well as in the united states. >> markets saying these figures point to eurozone contraction of 0.5% in qe. what's your outlook? >> it's in line with our numbers. we think for the full year the eurozone contracts at 0.4% rate, so not far off what you suggested and that seems to be consistent with the underlying data coming in. no real revisions just yet but we'll watch and wait. >> what about 2013, is that a year -- 2012 we see europe broadly contracting. what about 2013? >> a lot hinges on the global environment. hinges on whether the u.s. can slowly grow and maybe grow a bit faster. whether china can begin to pick up steam. external stories can be critical for europe. >> larry will stay with us. let's check in and check out market reaction. >> one hour into european trading session. 73 declining outpacers. ftse 100 down 1.5% yesterday. down 0.5%. dragged yesterday by u.s. disappointing. the xet ra dax down 0.3%. ibex down after a good rise in july. keep your eye on bond rates. yesterday we had a nice rally in spain on two-year. ten-year, 6.62%. that's slightly higher on the sess
in france, germany, the uk and the bae largest customer, the united states. so where do we go from here? katherine boyle joins us, she's been writing about this online. a very good morning to you. let's talk about the impediments to something getting done. which is the biggest one in your opinion? >> well, i don't think you're going to see much political interference actually because i've heard from sources that in fact the main government evolved in the european side have all been consulted off the record and have given the nod. of course that didn't mean that there aren't other governments that could cause some trouble. as you mentioned, be have boeing, but we also have lockheed martin and northrup who are even bigger players in the defense market. >> and it raises the question is it a bigger deal for civilian air space market or defense. and obviously it's defense. >> the u.s. defense market which is still the world's biggest by several multiples. and why there's been a lot of noise about saudi arabia and china and other countries which are sort of bunch onin burgeoni. >> they need t
framework in the united states. we look at the fed. one of the greatest threats to the u.s. and the capitalism really is academics and bureaucrats that really run our entire regulatory framework in the u.s. and they run the federal reserve. we need risk it takers. people that have actually taken risk to be in the regulatory framework. if you look at the crash of 2008, who is making all the decisions? it was hank paulson, someone from wall street. and we have a situation all these years later where if you look at the fdic, the futures trading commission, the regulatory infrastructure doesn't have approach risk takers. and that's a big threat. >> it sounds like you think the fed are taking risks. >> i've been behind the scenes taking to hedge fund managers. these are complete experimental drugs, they don't have an exit strategy. they want to make us feel good with academic contrived jargon, but this is a massive experiment. and what i'm worried about, think about in the united states we have a trillion dollars in pensions. they're underfundeded compared to '08. that's a pro
$16,000 every second george allen was the united states senator. voted to raise the debt ceiling four times, voted to raise his own salary four times. now he's talking like a conservative, but his record shows he can't have another crack at it because his actions don't match his word. again, i think the right strategy is an aggregated examination of deductions rather than fighting issue-to-issue. you can have the amount or percentage vary by income or how the tax code is already. that's the most likely path to lead to success. >> we're out of time on that answer. >> can i have time to rebut? >> not according to your rules. i like more than less, but going on. >> governor allen, virginia voters are divided on whether they want the affordable care act to stay or go because it's not completely ruled out and because it's so complex. do you want to completely get rid of the law as a stands and start over on health care reform from strach or favor -- scratch or favor another method? >> i'll use the first part to rebut comments tim made. tim talked about $16,000 of debt. now it's the spendin
the right to practice free speech. here in the united states countless publications provoke offense. like me the majority of americans are christian and yet we do not ban blasphemy against our most sacred beliefs. >> the president is one of 36 world leaders speaking today. tomorrow, mahmoud ahmadinejad returns to the united nations it. will be his last appearance as iran's president. back to you. lori: thanks for that. david lee miller from fox news. melissa: coming up tonight on "money" we'll have former new york city mayor rudy giuliani talking about everything we heard right there. as the president talks about reaction to the movie. it is his reaction to everything that happened appropriate? we have terrorists targeting our ambassadors in the middle east and we're talking about this movie. we'll get rudy giuliani's take on that the u.n. is in town. what does it cost us and is it worth it. lori: my mother-in-law is across the street. she is beside herselves on the traffic issues. melissa: what do we get about this whole thing? rudy giuliani coming up 5:00 p.m. eastern here on "money". lori
're seeing through the lens. how are things both in the united states and europe. >> and china? >> let's talk about the u.s. in almost every business, there are pockets of real success. let's take, for example, the enormous burst in rental housing. the command for rental housing is incredible. so we're in the home supply business. we do cabinet doors, home depot, supply, we do vanities and things like that. we sell vanity kits as fast as you possibly make to landlocked and multifamily housing who put these things in. we charge $500, they increase the rent $100 a month, the pay back is in months, and the game is on. people are renovating rental places and motels and hotels because they're occupied. three years ago they were taking a room in a motel, tearing it apart, bringing the fixture over and fixing the other room that was leaking. now they're renovating those things. so the home rental idea is moving strongly. you take the marcellus fields, we can't get pipe up there fast enough. we can't get pre-fab buildings up there fast enough. i mean, i'm not talking marcellus, i'm talking north dako
of the united states. can you handle that kind of pressure? >> i would be lying if i said that's not flattering. it's flattering to everybody. but the biggest mistake i can make is to believe the press, to believe the hype. >> he was elected mayor in 2009 and re-elected with 82% of the vote. now he's 37, the youngest mayor of a top 50 city in the united states. he's also used to the baby face jokes. >> i think one of the funnier things that has happened to you when you first met president barack obama he jokingly asked if you were the intern. >> that's right. >> you being asked to do the speech is that making up for that jab. >> i don't know. i don't know. i always got the age jokes at different points in my career. >> is it still happening? >> every now and then. but i'm starting to get the gray hair from my 3-year-old daughter and from politics. >> this is the biggest speech of castro's career. latinos enjoyed prominent speaking roles at the republican convention and castro must convince latinos to stick with president barack obama. >> president obama has not been a friend of the latino commu
are basically mandated with the task of a medium to long-term sort of united states of europe kind of plan which involves fiscal, more fiscal union and political union and most interestingly i detect more and more some sort of thoughts about more parliamentary responsibility, so therefore a bit more accountability and democracy so he knew all of that before he said what he said six weeks ago and he certainly knew that he'd gotten merkel behind him in my view. >> george soros has an op. ed piece, he says germany needs to lead or leave and if a germany were to leave, the euro would depreciate, the debt burden remain the same in nominal terms and debtor companies would regain their competitiveness and the value of their real estate would also appreciate in nominal terms. do you buy that? >> i can't resist in teasing him a bit. he must be dabbling around in mantis united shares going to his head. without germany there is no euro. the idea germany leaves and the rest carry on is a non-starter. i don't understand why someone like george is saying that. >> i want to see his book, whenever he says anyth
you cannot get any yield. everyone is chasing yield. you can't get it from the united states government. they'll pay you nothing. people are going say, wait a minute, now i have to pay 36% and i have risk in the marketplace. these are a lot of big issues. >> i know you meant governor romney. >> let me apologize. >> do you think we go to the election and are in standstill mode until then? once we get the clarity of who's in the white house, what's your expectation? >> i do. i don't anticipate a lot. i know people are talking about that we'll see more in the early parts of november because of the different things with the defense department and where they're going to be at as far as cuts go. we'll get an indication what's going to happen. i think we'll have to wait until the election is over and done with and we'll get clarity for the future of the markets. >> i really like the fact you're looking at this whole dividend issue. we've been talking about the fiscal cliff a lot on this program. do you really think these guys are going to allow dif vidend taxes to go to 43%? >> they
colorado is remax ceo margaret kelly. we see their signs all over the united states. margaret, you would be the perfect person where we could check the temperature gauge. but the question that we ask is the most often-asked question, and that is, have we finally bottomed out because it matters to people who are looking to buy, to sell -- to buy, to sell, to refie, or to invest? -- to re-fi or to invest? >> you are exactly right. yes, i really do think we have bottomed out. the good numbers are for 14 months in a row we have had more sales each month for 14 months and the prices have gone up for the last 7 months. those are all great signs for us. in january i was cautiously optimistic. now i'm optimistic. liz: now we are going into the fall season. i never can figure out with you guys. oh the spring is the buying season. the fall is selling season. what is it as we head into fall? >> usually what happens, families like to move in the summer and they like to get their kids in by fall for school, and so usually fall into probably the first of the year, things start to taper off. so if it d
by examining 113 indicators from official data sources and polling 15,000 executives. united states continued a four-year slide to the seventh spot. separately, a judge ruling amr can abandon its pilot's union contract. saying the bankrupt parent of american airlines corrected certain issues that caused him to reject the same request in the past. amr is trying to save more than $1 billion a year in labor costs. it can unilaterally impose work terms on its pilot, all is happening as talks between amr and u.s. air continue. >>> in the meantime, a very complicated story. we've been trying to follow the twists and turns. the fbi now says there is no evidence to support claims that hacking group anonymous infiltrated an fbi agent's laptop and lifted data for more than 12 million apple products. however the front page of "the financial times" lays it out and says hackers embarrass apple with this data release. there were over a million different devices, numbers were published online. this is a story that has many odd twists. the hackers said they would not give any interviews about this breach unt
bag. i mean, the math is done a little bit differently in the united states, you having done a ph.d. at harvard. they are taking care of the problem, aren't they? they are in the process? >> well, they are talking about it. i don't think they are doing any meaningful things, because in the u.s. political system, you really have to have the president, the white house, and the congress working together. and currently, the two parties are not even talking the same language oftentimes. so i do hope whatever the outcome of the presidential election in the u.s., the two parties, the administration and the parliament, the congress should work together. >> yeah, their philosophies are farther apart than ever. it's two different americas. what are you saying then? you're saying with the prospect of still a possible qe3, that a serious debasement of the dollar devaluation -- almost like a deliberate devaluation of the dollar is going to enter the conversation here? is that what you're alluding to? >> no. what i'm saying is the u.s. financial crisis is a monumental, historical event. the con
has been happening this morning? those viewers in the united states waking up, why are the apple workers in paris upset? >> for the last week, they've been extremely it is grunt he willed. all over the french media, they've been meeting with different management, complaining, in pact one of them was quoted as saying working at apple is like working in a coal mine. they've been complaining that they have to work longer hours than what they're paid for, that they don't get any commissions uneven though they're under constant pressure to sell. they're monitored by cameras in the stores and looking for things like a 13th month of pay as a bonus, higher pay and water fountains in the store. some of these things are standards for french workers, but they're complaining that apple has been extremely resistant to provide them these things. in fact they say they've been fighting for three years for the 13th month of pay. so at the end of yesterday, there was a sort of last resort meeting at which it was decided that these issues would be revisited before the end of the year, that the comp
-growing metropolitan area in the united states. we have been adding new jobs but not fast enough. we have a good healthy diverse economy that will see us through over the long run. >> all the ancillary towns as well especially with hotels and things like that. >> absolutely from a direct economic impact but the bigger picture, charlotte has never played on this largest age before. we have been about building charlotte over the last half century or so. this is our debut. the largest such event we ever hosted and the eyes of the world are upon us. most of your viewers and visitors have never been to charlotte before. we have a very positive city to show to our visitors and to the world and there are a lot of people we have talked to on your staff talking about how we can figure out how to move to charlotte. it is a positive product in the business of selling charlotte. tracy: thank you very much. >> thank you as welcome back. tracy: bank of america's headquarters. ashley: big banking community. the nasdaq and s&p turning positive in the last hour and the dow fighting to join them. you don't want t
of protests he in indonesia, the united states closed the embassies in indonesia. friday is the main muslim day of prayer and in indonesia they have protests after the friday prayers. muslims enraged over the movie innocence of must leams which offended the -- muslims which offended the prophet mohammad was produced in the u.s. ahmadinejad is talking about the movie. today he denounced the west for what he called insults to the divine messenger and criticized respect for freedom of speech. he said that after a week of protests and riots by people very angry about that movie. >>> 7:15. congress is about to leave washington until after the november election. alison burns joins us live from washington where there are critical issues law makers are leaving undone. >> reporter: senators hoped to leave by today but they still have not agreed on a temporary budget that would keep the government running for the next six months. they could be forced to work through the weekend because the deal has been held out by fights over foreign aid and hunting on public lands. the finger-pointing is intensifyi
camera again is everybody wants equal opportunity and fairness in the united states. it's just when that breaks down and you don't think it's fair. and you know what else plays into it? is corporate cronyism and the kablt ability to succeed but not to fail. we talk about these things in a perfect world. and it's not perfect. and that's when we get things that need to be rectified and people feel like they're getting screwed, basically. >> no, there's a feeling, and the feeling is enhanced in a downturn, a bubbly economy is when people feel better. i have to add these problems may seem, you know, to be challenges for us. they're big challenges in other places. >> worse than here. >> oh, yeah. india has had momentum stall and a loss of investor confidence from some really dumb stuff. >> you think we can get our mojo back, mike? >> oh, yeah. >> you do? >> yeah, i think so. partly because there's so many parts of the economy on the private sector side that are dynamic and functioning fine. i think people will get motivated and get back in the game. the real question marks frankly on our
. author of the amateur joins us. and karl rove among our guest next week. lou: united nations on a mission to become the tax master. considering new global taxes to transfer trillions of dollars. among the tax proposed remember secretary of state clinton is enthusiastic. one% tax on all billionaires' and all financial transactions carbon emissions, airline tickets she suggests she is on board with some of that earlier this week. >> one issue i have been preaching about is collecting taxes in the equitable man o' war -- manner especially around the world from the e.u. the of every country are making money. there are rich people everywhere yet to they3 there are rich people everywhere yet to they do not contribute to the growth of their own country. lou: there are rich people everywhere. she is worth over 100 million. what is she thinking about? and just have to give them our national sovereignty? what an absurd concept. we are ready to contribute 22% of the when budget almost $8 billion to the united nations. our favorite angry liberal on a quest to offend more people. taking shots at almos
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